All these loans are long term with TRANSPARENT Agreements available for all to see. Their interest rates are low and LONG TERM. Not only are these loan payments often rolled over OR cancelled into free aid. China loans are secretive WITH clauses that clearly STOPS the SL govt from disclosing those terms and often tied to SL strategic assets which would fall into Chinese hands upon default.What the Americans said surprised me. Japan has more debt to Sri Lanka than China and she doesn't seem to mention Japan at all, why is that? ?
Chinese loans have these and that problems only in you delusional jealousy Indians' minds. Now, stop pretending that you are the spoke persons of those countries that have projects with China that you know better the situations, you Indians have no right to be and you are not qualified, period. Stop spewing nonsense about Chinese projects with those countries all the time.All these loans are long term with TRANSPARENT Agreements available for all to see. Their interest rates are low and LONG TERM. Not only are these loan payments often rolled over OR cancelled into free aid. China loans are secretive WITH clauses that clearly STOPS the SL govt from disclosing those terms and often tied to SL strategic assets which would fall into Chinese hands upon default.
Chinese loans are nearly always with Oligarchic and CORRUPT heads of state. They never or rarely allow re-negotiation of those terms as Pakistan has discovered and other African dictators have found out. How much these, like the Rajapaksa, govts were bribed by the Chinese will never be known.
Actually it is a little more complex then the analogy given by you.
A better example would be loan request for setting up a business. When one seeks such a loan, the bank does due diligence to see the viability of the proposal. It approves the loan only after it meets the criteria.
There is a possibility that a bank may have nefarious designs and set up such tough norms that any failure on part of the loan seeking entity may give the bank an undue advantage. And banks do such things.
Read -China here.
You are right in saying that bank has all the rights to ask for the repayment on the settled rates and plan.
That is where Chinese play comes in focus. It is a bank that is not giving loans for success of the business but to take control of those businesses. Aka - Strategically located assets across the globe.
The countries seeking loans are also at fault. That is where local corruption comes in place.
It is a complex scenario with China being the biggest devil.
Yeah. We saw that in Srilanka. Many more are about to fall inline.
There is no plan to do that.
In a free world people have the right to bring out a wrong taking place anywhere. A Chinese wouldn’t know about this. We know that Papa Xi is waiting outside your homes, ready to remove your Kidney. We understand your dilemma.
Stop making BS all the time you Indians. If that's the case with SL, why didn't you Indians step in to save SL with your benevolent terms then, India had the chance and was offered the chance indeed ?Just another instance of CCP loanshark behavior. Let the 'client' get desperate for funds, then swoop in with horrible terms. Till then nit give a darn about peoples' suffering. They did it to Sl and now doing it to Pakistan.
India has never stopped its land grapping since its existence 70 years ago. Contrary to what most people understand, India has never been a unified empire great in land mass, population, or civilization. What the British gave India was its greatest land mass by arbitrarily drew its borders based arbitrarily on British conquers or interventions into other powers' vacuum control of lands. Greedy Indians must be taught a lesson. This will come soon.
Not gonna happen and not desirable either. They look down upon other south Asian countries. No amount of economic crisis is going to change that.
Problem won’t be being ruled or not, problem would be Tamil-Sinhala enemity, Indian Tamils hate sinhalese Sri Lankans to the core.
Well if there is one silver lining to this situation and that is probably that India, Sri Lanka, BD and the smaller countries in the region will realise that in times of crisis only your neighbours will really want to help you without guaranteed payback.
Only India and BD has helped Sri Lanka when they were in grave economic difficulties. Neither China or the West lifted a finger as there was no obvious financial benefits for them to do so.
When it comes to helping hand BD has always proved to be a great neighbor.... I remember last year also BD helped Sri Lanka......
I hope it works out for you. If Pakistan fails to service the debt then what are the clauses? I hope Pakistan has negotiated the terms well. To my understanding the terms of CPEC are not allowed to be divulged. Why such secrecy if the terms were really great?I don't think so, China isn't building Gwadar Port to take control over the country.
It's quite hard to take over a sovereign land and it's almost impossible to conquer Pakistan
China has taken over Humbantota and it is now a Chinese territory for all practical purposes for 99 years. And that is an eternity.What do you think, it's 18th century?
Yes BD already provided 250 million US dollar currency swap last year and recently 2.3 million US dollars in medical supplies, and most recently also a "potato package" to low income families in Sri Lanka where children are malnourished.
Again goes to show in times of dire need your neighbours will help you more than others far away. Bit like when your house is on fire then your neighbours are the ones that rush to help you while the ones on the other side of town are not even aware you have a fire.
Anyway being honest India and BD have another reason to help our neighbours and that is we want the whole region to remain stable and become increasingly prosperous with us. You cannot really do well if your neighbours are doing badly.
That's really great to know especially potato package to help malnourished children..... is something like this package offered to Indian malnourished children? Can't see the pain these kids have to go through on daily basis....
Chinese loans have these and that problems only in you delusional jealousy Indians' minds. Now, stop pretending that you are the spoke persons of those countries that have projects with China that you know better the situations, you Indians have no right to be and you are not qualified, period. Stop spewing nonsense about Chinese projects with those countries all the time.
"The economic crisis in Sri Lanka has nothing to do with China, Chinese loans are nonfactor in the economic crisis and Chinese loans to Sri Lanka are concessional and interest are low" indeed as stated by the Sri Lanka ambassador to China in the following interview in English near the beginning of the interview starting at 9:15 time:Ok fair enough.
Are you able to give us the details of the loans that China provided to say Sri Lanka like interest rate, grace period and whether there was any collateral on them?